Damus

Recent Notes

John profile picture
Now get ready for the pump above $100k+, the "we're back" vibe, "nothing stops this train" mentality, as the control structure lifts the downward pressure on the SHA-256 price...

By doing this, the price euphoria will run cover for the continued and accelerated degradation of that chain. They will let those who have their energy stored in that system "feel" abundant in a system of artificial scarcity, while simultaneously gaining more control over the perceived abundance.

As well, the narrative will reinforce their belief that they are winning, and that the compromised SHA-256 chain is real money working, separating money from state by making it one in the same. This will make it very hard to break away until the fundamentals are so far gone it is undeniable.

Meanwhile, on a small and descrete chain (Blake2b) amazing, passionate work is being done. The principles of absolutely scarce decentralized sound money are being ferociously protected, mining decentralization perfected, critical and adversarial thinking wielded, building the infrastructure to act as an impenetrable barrier to stealing our energy over time.

A warm cabin, in the cold dark winter.

Onward.

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dustygrooves · 2w
The equivalent of bitcoin selling its soul.
nostrich · 2w
Bitcoin XBT / Blake2b is the only Freedom Money where nodes matter. Onward 🤙💜
nostrich · 2w
https://www.youtube.com/watch?v=C5t6D-8JNII
Tauri | Bitcoin (XBT) · 8w
Yeah, I agree.
nostrich · 8w
there is truth in your logic
ioio · 8w
Naturally the fees will be crazy high relatively to 4mb bitcoin. Just imagine… but I’m in favor. Use lightning. Big money pay the fee
Baerson · 9w
Fuck yeah man. Love it. I predicted the same thing. Only thing I don't understand is how Bitcoin will live on. Or is that part of the unexpected stuff? No sarcasm.
John profile picture
Bitcoin was a label given to a set of fundamentals and principles of absolutely scarce decentralized sound money which was embodied into code. It is those fundamentals and principles which are important, not the label itself. Many are confused about this.

The network effect also has people confused, as that is where the current energy is, and that is also mistaken for fundamentals and principles. However over time, and as people wake up, the network effect will follow the fundamentals and principles (not the other way around) either on the current chain or a new chain, and they will be preserved.

For me that is what I meant when I said Bitcoin. I don't really care what it is called, I care what it is.
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epsql · 9w
I agree, but then why should the Blake2b fork win? I'd rather bet on the upcoming ecash fork (small L1 blocks + drivechains) or monero.
nostrich · 9w
🎯 Bingo!
Hanshan · 9w
Just use monero man. Why are you attached to a particular history of transactions?
John profile picture
My answer: Monero is not money.

Response: What is money?

My answer: Money is an absolutely scarce and decentralized uncontrollable sound medium to store energy, selected by the free market. The market chooses the medium exhibiting the following 5 attributes the strongest: Identifiability, Durability, Divisibility, Portability, and most importantly Scarcity (and it MUST be absolutely scarce)... It is a safe haven for energetic beings to store their energy across time and space so that it may not be confiscated AT ALL by the control structure. Because even a little confiscation (2% or even less per year) is catastrophic when considering the LONG GAME (centuries +) this control structure operates under. This is a generational battle and our generational knowledge has been wiped from our lineage precisely because our energy was used against us over time.
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Hanshan · 9w
Gold managed to be money for thousands of years despite having supply inflation of 1 to 2%. So your thesis is just wrong. Absolute scarcity is not only not a necessity for sound money, it is not good monetary policy.
Tauri | Bitcoin (XBT) · 9w
I’m reading it now. The similarities between the book and what happened with BIP110 over the past year are uncanny, especially in the first 50–60 pages. I don’t know whether the book was prophetic or we’re living in a simulation, but it’s crazy how you can simply swap out a bunch of names,...
nostrich · 9w
Yes. The old 2% solution ( the rate that gold can expand supply ) is now a 0% solution. That is what we aspire to and build for; and in a principled way I would add,; the last yard is all way the hardest. Be strong 💪💪
nostrich · 9w
Godspeed! Spot on! Bitcoin-Blake2b gives me hope again together with the Bitcoiners who are part of it.
Baerson · 9w
Fuck yeah man. Love it. I predicted the same thing. Only thing I don't understand is how Bitcoin will live on. Or is that part of the unexpected stuff? No sarcasm.
epsql · 9w
I could agree with you if this pump were a bit more random, but there is a clear catalyst here which has also sent gold up quite a bit. Are you sure your interpretation of things is so obviously right?